The Phaserl


The Death Of Hopium

from Peak Prosperity:

As many readers know, I spent 13 years living and working in Silicon Valley before partnering up with Chris to start Peak Prosperity.

I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, and worked for both a VC-funded start-up as well as one of the biggest Internet juggernauts (Yahoo!). I lived in Palo Alto, the central core of the tech scene.

As a result, I have a pretty good read on how Silicon Valley works. Many of the folks I worked and went to school with are now in leadership positions at the big operating companies, VC firms and hedge funds in that ecosystem — so I have personal knowledge of who’s making the decisions.

And it’s no secret that I think things have degenerated into a steaming pile of hucksterism.

The “engine of our economy”, the “cradle of innovation”, the “land of tomorrow” — whatever breathless hyperbole the fawning media is using this week — is a sham. Silicon Valley has become a factory of hype, funneling gobs of early-stage capital into whatever half-credible concepts it can think of, and then pimping the artificially-inflated initial results of those tarted-up ventures to whichever “greater fool” is willing to acquire it or buy its IPO. Let that idiot figure out if it will ever turn a profit…

Like the too-cozy relationship between DC and Wall Street, I see a similar one between Wall Street and the Tech sector. They collude to pump out as many opportunities as they can — private placements, acquisitions, IPOs, secondary offerings — to cash out the insiders and foist the long-term financial risk onto the “dumb money” (pension funds, foreign capital, retail investors, corporations desperate to enter the “digital age”). The dreams of ‘changing the world’ or revolutionizing lives by making great products have taken a distant back seat to the drive to have as lucrative an “exit” as possible. If that exit requires selling junk to unassuming buyers, so be it.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

2 comments to The Death Of Hopium

  • Eric

    Unicorn Meat! That’s hilarious!

    Speaking of El-on (Oak) Musk…this just in…

  • anon

    Hucksterism. That’s a word you don’t hear very often. It’s just another way of saying they are waging a war by deception.

    “The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.” – Thomas Jefferson

    You better believe it.

    Have you ever asked yourself, HOW did we get here? By what steps, historically, did we arrive where we are? Do you have the requisite level of curiosity to find out? IF SO, you may find the following VERY informative:

    David Icke: International Zionism is a Secret Society
    (Read ALL the comments, click on ALL links, & read, view, listen to ALL content).

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>